EUR/USD : The digestion of the conference of Draghi seems to enjoy the decline, but media should let go to get out of the consolidation

The pair EUR/USD declines slightly at the Forex after the end of the conference of Draghi, but it has to be broken of the media to observe a bearish reversal.

The Euro has initially welcomed the positive tone of Mario Draghi, EUR/USD, which had peaks intradays to 1.0932, but sellers were quick to offset the movement while Draghi not announced anything new.

After a period of hesitation, the downward pressure strengthens again after the end of the press conference, and the EUR/USD is currently testing the support of 1.0850.

The withdrawal from the resistance of 1.0950 continues so for the moment, but it will break the support 1.0825 to boost significantly the downside, with a possible fall to the bottom of the gap this weekend to 1.0770. We will meet as an intermediate support important to 1.0800.

Has the upside, resistances come at 1.0870, 1.0900 and 1.0950, that it will break eventually boost the rise in the direction of 1.10.

For the moment, it is necessary to monitor the range 1.0825-1.0950, that a break is necessary in order to find a direction in the short term.

You can replay our live commentary during the press conference, and our analysis post-conference.

The EUR/USD pair to move to 1.0860 on the Forex.

Chart EUR/USD H1

See also our charts EUR/USD in real time.

This chart has been realized with the trading platform TradingStation 2 provided by FXCM France.

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